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Gantsetseg is 33 years old and lives with her husband and two children in an apartment in Selenge province of Mongolia. Her husband, Boldbaatar, age 32, serves in border defense military service. Her son, Terguunsanaa, age 9, goes to a local primary school while her other son, Elbegsanaa, age 1, stays home with Gantsetseg's mother during the daytime.

Gantsetseg has been running a clothing import and sales business for years and transports her inventory with rental transportation, which costs a lot of money. She is now requesting MNT 2,000,000 to purchase an eco-friendly, electric and gas-consuming car to reduce her transportation cost. She is a hard-working, well-managed, and modest woman.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,396.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Gantsetseg to purchase an eco-friendly, electric and gas-consuming car to reduce her transportation cost.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Feb 17, 2013
Mar 19, 2013
Currency Exchange Loss:
Oct 2, 2014